SBA 7(a) lenders in Cheboygan, MI
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
17 institutions have SBA 7(a) loans on record in Cheboygan, together $45.8M across 69 loans. The Huntington National Bank is the largest, with 30% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 18 | $13.5M | 29.6% | 1.60% |
| 2 | Citizens National Bank of Cheboygan | 22 | $7.2M | 15.7% | 2.12% |
| 3 | First Internet Bank of Indiana | 2 | $5.2M | 11.5% | 0.00% |
| 4 | GBank | 2 | $3.5M | 7.6% | 0.00% |
| 5 | Nicolet National Bank | 4 | $2.8M | 6.2% | 0.00% |
| 6 | Columbia Bank | 1 | $2.8M | 6.2% | 0.00% |
| 7 | Bank of Ann Arbor | 3 | $2.6M | 5.8% | 0.00% |
| 8 | West Shore Bank | 1 | $2.3M | 4.9% | 0.00% |
| 9 | Ameris Bank | 2 | $1.7M | 3.7% | 0.00% |
| 10 | Shoreham Bank | 1 | $1.4M | 3.1% | 0.00% |
| 11 | 4Front Credit Union | 2 | $698K | 1.5% | 0.00% |
| 12 | Fifth Third Bank | 1 | $572K | 1.2% | 0.00% |
| 13 | Independent Bank | 1 | $380K | 0.8% | 0.00% |
| 14 | PNC Bank, National Association | 6 | $341K | 0.7% | 0.00% |
| 15 | Celtic Bank Corporation | 1 | $294K | 0.6% | 0.00% |
| 16 | Northern Great Lakes Initiatives | 1 | $235K | 0.5% | 0.00% |
| 17 | Northeast Bank | 1 | $103K | 0.2% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Accommodation & food services | 25 | $20.2M | 44.1% |
| 2 | Retail trade | 7 | $6.6M | 14.5% |
| 3 | Administrative & waste services | 4 | $6.2M | 13.5% |
| 4 | Manufacturing | 2 | $4.7M | 10.3% |
| 5 | Construction | 12 | $3.3M | 7.2% |
| 6 | Real estate & leasing | 3 | $1.8M | 3.9% |
| 7 | Health care & social assistance | 2 | $822K | 1.8% |
| 8 | Other services | 4 | $519K | 1.1% |
| 9 | Transportation & warehousing | 3 | $396K | 0.9% |
| 10 | Manufacturing | 3 | $364K | 0.8% |
| 11 | Manufacturing | 1 | $290K | 0.6% |
| 12 | Wholesale trade | 1 | $240K | 0.5% |
| 13 | Transportation & warehousing | 1 | $180K | 0.4% |
| 14 | Retail trade | 1 | $130K | 0.3% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.